Back to Search
Property profile & analytics
FOR LEASE
Office buildings
6725 116Th Ave NE Kirkland, WA 98033
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0532716
For Lease
$29 SF/Yr
6725 116Th Ave NE, Kirkland, WA 98033
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
FRAME
Total area
35,586 SF
Lot
1.01 ac (43,848 SF)
Zoning code
PR 3.6
APN
082505-9035
UPID
US90-0532716
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Stellar Heating And Air Conditioning HVAC Service General Contractor
-
Veristone Mortgage Real Estate Agency
-
The Hub at Lacey Park
-
Veristone Capital Loan Service
-
Lakeside-Milam Drug & Alcohol Rehab Rehabilitation Center Addiction Treatment Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.56M
Owner & transaction history
Lakeview 6725 LLC · 11 yrs held
Lakeview 6725 LLC
since 2014
7 recorded transactions
Zoning & alternative use
PR 3.6 · Kirkland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kirkland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kirkland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$184 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$69,551
Tax year 2024
Assessed value
$7,606,300
Assessed 2023
Previous assessed
$7,606,300
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$1,753,900
Assessed improvement
$5,852,400
Land market value
$1,753,900
Improvement market value
$5,852,400
Total market value
$7,606,300
Applied tax rate
1,701.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2000
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
35,586 SF
Lot
1.01 ac (43,848 SF)
Zoning code
PR 3.6
APN
082505-9035
UPID
US90-0532716
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PR 3.6 · Kirkland, WA
Zoning PR 3.6 · permitted uses
PR 3.6 · Kirkland, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kirkland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.01 ac
Current owner
From public records · entity-resolved
Lakeview 6725 LLC
Entity
Mailing address
2139 S COUNTY RD 15, BERTHOUD, CO 80513-8111
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2014
$6,550,000
Lakeview 6725 LLC
Mr Lakeview Place LLC
Grant Deed
—
Dec 8, 2014
—
Mr Lakeview Place LLC|raskin Family Holdings LLC
Lvp Associates LLC
Quit Claim Deed
related
—
Aug 9, 2011
—
Lvp Associates LLC
Mr Lakeview Place LLC
Quit Claim Deed
related
—
Jul 12, 2010
—
Mr Lakeview Place LLC
Raskin,michael J
Quit Claim Deed
related
—
Dec 21, 2004
—
Raskin Family Tic Holdings LLC
Raskin,bruce D & Kimberly
Quit Claim Deed
related
—
Dec 29, 2003
—
Bruce D Raskin
Lvp Associates LLC
Quit Claim Deed
related
—
Jul 24, 2000
—
Lvp Associates LLC
Mkt Associates LLC
Quit Claim Deed
related
—
Mar 6, 2000
—
Kirkland City (wa)
Lvp Associates LLC
Grant Deed
related
—
Mar 1, 1999
$460,000
Mktd Associates LLC
White,philip C & Leland P
Grant Deed
—
—
—
Lvp Associates LLC
—
Deed Of Trust
related
$4,200,000 · Intervest-mortgage Investment
—
—
Lvp Associates LLC
—
Deed Of Trust
related
$3,692,739 · Wells Fargo Bank 2001-pb1 (te)
—
—
Lvp Properties LLC
—
Deed Of Trust
related
$3,850,000 · Intervest-mortgage Investment
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
